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      CFTC Moves to Dismiss CME Lawsuit Over Crypto Perpetual FuturesThe U.S. Commodity Futures Trading...

      CFTC Moves to Dismiss CME Lawsuit Over Crypto Perpetual FuturesThe U.S. Commodity Futures Trading Commission has asked a federal court to dismiss CME’s lawsuit challenging its treatment of crypto perpetual contracts as futures. The CFTC argues that CME lacks standing because the same policy allows CME, the world’s largest derivatives marketplace, to list digital-asset perpetual futures itself, meaning part of its alleged competitive harm stems from its own decision not to offer them. The regulator also said that even if the court reclassified perpetuals as swaps rather than futures, rival venues could still offer similar products, so the competitive harm claimed by CME would not necessarily be eliminated.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud